Voler Car Limited has been declared the highest bidder for the proposed acquisition of Blue Smart Mobility Limited following the conclusion of an auction process under the Corporate Insolvency Resolution Process (CIRP) on June 10, 2026. The development marks a strategic step by Voler Car to expand its footprint in the electric mobility ecosystem and create business synergies. The transaction, however, remains subject to the execution of definitive documentation and the receipt of requisite approvals.

The declaration as the highest bidder (H1) was made by the Resolution Professional of Blue Smart Mobility Limited. The acquisition is being pursued under the provisions of the Insolvency and Bankruptcy Code, 2016. While the auction process has closed, the completion of the transaction is contingent upon several conditions, including the submission and evaluation of the Resolution Plan by the Committee of Creditors (CoC) and subsequent approval by the Hon’ble National Company Law Tribunal (NCLT).

Blue Smart Mobility Limited operates in the electric mobility and transportation services sector and is currently undergoing CIRP. The target entity is not a related party transaction for Voler Car Limited. The company has stated that the proposed acquisition is intended to bolster its presence in the electric mobility sector.

The following table outlines the key details of the proposed transaction:

Vikas Parasrampuria, Whole-Time Director of Voler Car Limited, signed the disclosure submitted to the stock exchanges. The company confirmed that it will inform the exchanges of any further material developments in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voler Car Limited has secured a significant three-year contract from Teleperformance Global Business Private Limited to provide end-to-end employee transportation services for its Hyderabad South operations. The contract, awarded through a competitive process, is scheduled to run from June 1, 2026, to May 31, 2029. This development marks a strategic expansion for the company within the employee transportation and mobility solutions segment.

The disclosure was made to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the transaction is domestic in nature and does not fall within related party transactions. Furthermore, the promoters, promoter group, or group companies of Voler Car Limited hold no interest in the entity awarding the contract.

Contract Details

The agreement encompasses comprehensive transportation services specifically tailored for the Hyderabad South operations of Teleperformance Global Business Private Limited. The scope of services and other significant terms are outlined in the executed contract.

Vikas Parasrampuria, Whole-Time Director of Voler Car Limited, signed the filing on behalf of the Board of Directors. The company views this award as a substantial business win that reinforces its market position.